KISV: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KISV
Largest movements
- Tangible fixed assets -€7,631
down €7,631 (-75.9%), from €10,051 to €2,420
of which Land and buildings: -€7,260
- Profit (loss) carried forward -€16,474
down €16,474 (-42.8%), from -€38,463 to -€54,937
- Trade debts +€8,639
new in 2025: €8,639
- Gross operating margin -€14,098
down €14,098, from €5,458 to -€8,639
- Financial income -€1,569
no longer reported in 2025 (was €1,569)
- Financial charges -€1,135
down €1,135 (-84.8%), from €1,339 to €203
- Depreciation -€275
down €275 (-3.5%), from €7,906 to €7,631
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,582 | €35,747 | -€7,835 | -18.0% |
| Fixed assets | 21/28 | €10,051 | €2,420 | -€7,631 | -75.9% |
| Tangible fixed assets | 22/27 | €10,051 | €2,420 | -€7,631 | -75.9% |
| Land and buildings | 22 | €9,680 | €2,420 | -€7,260 | -75.0% |
| Other tangible fixed assets | 26 | €371 | - | -€371 | |
| Current assets | 29/58 | €33,530 | €33,327 | -€203 | -0.6% |
| Amounts receivable within one year | 40/41 | €26,668 | €26,668 | = | 0.0% |
| Trade receivables | 40 | €98 | €98 | = | 0.0% |
| Other amounts receivable | 41 | €26,571 | €26,571 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,738 | €5,534 | -€203 | -3.5% |
| Deferred charges and accrued income | 490/1 | €1,124 | €1,124 | = | 0.0% |
| Total equity and liabilities | 10/49 | €43,582 | €35,747 | -€7,835 | -18.0% |
| Equity | 10/15 | €42,626 | €26,152 | -€16,474 | -38.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €62,497 | €62,497 | = | 0.0% |
| Distributable reserves | 133 | €62,497 | €62,497 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,463 | -€54,937 | -€16,474 | -42.8% |
| Amounts payable | 17/49 | €956 | €9,595 | +€8,639 | +904% |
| Amounts payable within one year | 42/48 | €956 | €9,595 | +€8,639 | +904% |
| Trade debts | 44 | - | €8,639 | +€8,639 | |
| Suppliers | 440/4 | - | €8,639 | +€8,639 | |
| Taxes, remuneration and social security | 45 | €956 | €956 | = | 0.0% |
| Taxes | 450/3 | €956 | €956 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,906 | €7,631 | -€275 | -3.5% |
| Other operating charges | 640/8 | €6 | - | -€6 | |
| Gross operating margin | 9900 | €5,458 | -€8,639 | -€14,098 | |
| Operating profit (loss) | 9901 | -€2,453 | -€16,271 | -€13,818 | -563% |
| Financial income | 75/76B | €1,569 | - | -€1,569 | |
| Recurring financial income | 75 | €1,569 | - | -€1,569 | |
| Financial charges | 65/66B | €1,339 | €203 | -€1,135 | -84.8% |
| Recurring financial charges | 65 | €1,339 | €203 | -€1,135 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,223 | -€16,474 | -€14,251 | -641% |
| Profit (loss) for the period | 9904 | -€2,223 | -€16,474 | -€14,251 | -641% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,223 | -€16,474 | -€14,251 | -641% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.